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“At an auction for 500 megawatt (MW) of capacity at the park on May 12, the state-run Solar Energy Corporation of India (SECI) managed to discover a record-low tariff of Rs 2.44 per kilowatt-hour (kWh). The previous low was two days before that when tariffs hit Rs 2.62 per kWh during auctions for another phase of Bhadla solar park.

The National Thermal Power Corporation of India said that the country currently hosts a solar power capacity of 845 megawatts, after the recent addition of a 225 megawatt solar farm, the Mandsaur Solar Power Project.

“India’s solar sector has received heavy international investment, and the plummeting price of solar electricity has increased pressure on fossil fuel companies in the country,” as The Independent reported. “The government has announced it will not build any more coal plants after 2022 and predicts renewables will generate 57 percent of its power by 2027 – a pledge far outstripping its commitment in the Paris climate change agreement.”

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